Full Tilt Poker Under Federal Investigation - 04-07-10

April 7 - The leading publication, the Financial Times, noted that the online poker room, Full Tilt Poker, may be facing a Grand Jury this year.

According to the report, a federal Grand Jury in Manhattan is investigation charges that the US facing site broke money laundering and online gambling laws.

"A federal grand jury in Manhattan is investigating one of the largest online poker sites serving US gamblers and could bring indictments against some of the world's best known professional players, according to people familiar with the case and a subpoena issued to a witness this week," read the article.

Two top professional players, who have a controlling interest in Full Tilt Poker - Chris Ferguson and Howard Lederer - may be potential targets of the investigation and were specifically named in the article.

According to the Financial Times article: "FBI agents or prosecutors have spoken to at least two people involved in disputes with Full Tilt, paying special attention to the possibility of money laundering violations, those familiar with the inquiry say."

"Money laundering charges may be attractive to the government as they would compel cooperation from authorities even in countries where gambling is legal," continues the article.

With the implementation date of the Unlawful Internet Gambling Enforcement Act just around the corner, it is believed that the US authorities are looking for a way to warn online gambling groups of the dangers of running their operations in the country.

What better way to do so, speculate analysts, than through making an example of one of the most high profile online poker groups, with an elite group of professional poker players linked to its name.

Visit Full Tilt Poker today.

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